JACKSONVILLE, FLA. — Tampa-based Franklin Street has arranged the sale of a six-property shopping center portfolio in Jacksonville for $86.3 million. Curbline Properties Corp. (CURB), a publicly traded firm and a former spinoff of SITE Centers Corp., was the buyer. The deal marks CURB’s largest acquisition to date. The portfolio totals 184,680 square feet and includes Carrie Plaza, Deerwood Station, Julington Square, Southlake Plaza, Roosevelt Plaza and Oakleaf Crossing. Bryan Belk and John Tennant of Franklin Street represented the seller, a local private investor, in the transaction.
FITCHBURG, WIS. — Mid-America Real Estate Corp. has arranged the sale of Hatchery Hill Towne Center in the Madison suburb of Fitchburg for an undisclosed price. Shadow anchored by Pick ‘n Save, the 85,880-square-foot shopping center was 80 percent leased at the time of sale. Tenants include Panera Bread, Verizon, Cold Stone Creamery, MOD Pizza, Great Dane Pub & Brewing Co., Anytime Fitness, Kim’s Nails and Tabby & Jack’s Pet Supplies. Rick Drogosz and Dan Rosenfeld of Mid-America represented the seller, Bridge33 Capital. Brar Investments was the buyer.
SPRING ARBOR, MICH. — Marcus & Millichap has brokered the $5.5 million sale of Village Crossing, a 17-suite retail center in Spring Arbor, about 46 miles west of Ann Arbor. The multi-tenant property totals 53,900 square feet and is situated on Spring Arbor Road. The asset consists of two buildings that are 94.4 percent leased. The anchor tenant is Henry Ford Health, which recently extended its lease for five years with annual rent increases. Darin Gross, Seth Haron and Ashish Vakhariya of Marcus & Millichap represented the seller and procured the buyer. The deal closed at 97.3 percent of the asking price.
APPLETON, WIS. — NAI Pfefferle has negotiated the sale of a 14,185-square-foot office building in Appleton. The sales price was not disclosed, but the asking price was $2.2 million. Elizabeth Ringgold and Jonathan Glassco of NAI Pfefferle negotiated the sale. Buyer and seller information was not provided.
LAS VEGAS — Intersection Equities, in partnership with Sundance Bay, has acquired Valley View Industrial, a multi-tenant flex industrial asset in Las Vegas, from Sanders Wyoming Trust. The transaction was valued at $8.7 million, or $181 per square foot. Erik Sexton and Camila Rosales of NAI Excel represented the buyer in the deal. Located at 5325 S. Valley View Blvd., Valley View Industrial consists of a 48,304-square-foot facility offering nine warehouse/office units ranging from 1,000 square feet to 28,000 square feet. The property features 14- to 18-foot clear heights and 11 grade-level doors. The ownership plans to implement a series of capital improvements to elevate the property to an institutional-quality asset. Planned renovations include a façade upgrade, new exterior paint and parking lot seal-and-stripe enhancements to improve curb appeal and long-term asset value.
FAYETTEVILLE, N.C. — Matthews Real Estate Investment Services has negotiated the sale of The District at Freedom Town Center, a 40,733-square-foot retail center located at 2707-2737 Freedom Parkway Drive in Fayetteville. The buyer, an affiliate of Serota Properties doing business as Serota Islip NC II LLC, purchased the property from Greenville, S.C.-based developer RealtyLink for an undisclosed price. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. The District at Freedom Town Center is adjacent to Phases I and II of the adjacent Freedom Town Center that includes tenants including Sprouts Farmers Market, HomeGoods, Hobby Lobby, Dick’s Sporting Goods, Burke’s Outlet, Five Below, World Market, DSW and Petco.
KEA’AU, HAWAII — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of a StorQuest-managed self-storage facility located at 16-180 Mikahala Place in Kea’au. Dallas-based Baranof Holdings acquired the asset from a Hawaii-based limited liability company for an undisclosed price. StorQuest Self Storage offers 879 units spread across 77,363 net rentable square feet. Charles LeClaire and Adam Schlosser of Marcus & Millichap’s Denver office represented the seller and the buyer in the deal. Adam Attia of Marcus & Millichap served as broker of record for the transaction.
TUKWILA, WASH. — Kidder Mathews’ Simon | Anderson Multifamily team represented the undisclosed seller in the disposition of Riverton View Apartments in Tukwila. An undisclosed buyer acquired the asset for $3.3 million, or $139,167 per unit. Located at 3455 S. 144th St., Riverton View Apartments offers 24 residences. The value-add property was built in 1963. Dylan Simon and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily handled the transaction.
SUPERIOR, COLO. — Pinnacle Real Estate Advisors has brokered the $2.3 million sale of a 7,512-square-foot retail strip center and liquor store business at 1679 Coalton Road in Superior. Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors represented the buyer and seller in the off-market transaction. The names of the buyer and seller were not released.
WHITE PLAINS, N.Y. — Kempner Properties, an investment firm based in the New York City area, has purchased a portfolio of six shopping centers totaling 126,299 square feet in Connecticut and Rhode Island for $30.8 million. The Connecticut centers are located in Avon, Milford, Norwalk, Wallingford and Orange, while the Rhode Island center is located in Warwick. Town Fair Tire anchors the centers and accounts for 40 percent of the portfolio’s gross leasable space. Jeffrey Winokur of JH Winokur Inc. represented the seller, the estate of Town Fair Tire founder Neil Mellen, in the transaction. The portfolio was 92 percent leased at the time of sale.